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Economy Test 19
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Economy Test 19
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  • Question 1/5
    1 / -0.25

    Which of the following holds 100% stake in NABARD?
    Solutions

    In the year 1982, CRAFICARD or the Committee to Review Arrangements of Institutional Credit for Agriculture and Rural Development recommended the establishment of a developmental bank and accordingly, NABARD was set up. It was formed by a special parliamentary act. The chief focus of the organisation was the advancement of rural India by enhancing the flow of credit for the upliftment of agriculture as well as the rural non-agricultural sector. The Government of India holds 100% stake in NABARD. Hence, option A is correct.

  • Question 2/5
    1 / -0.25

    The repo operations conducted by RBI as part of its monetary policy come under

    Solutions

    A liquidity adjustment facility (LAF) is a tool used in monetary policy, primarily by the Reserve Bank of India (RBI) that allows banks to borrow money through repurchase agreements (repos) or to make loans to the RBI through reverse repo agreements. This arrangement is effective in managing liquidity pressures and assuring basic stability in the financial markets. Hence, option C is correct.

  • Question 3/5
    1 / -0.25

    Which among the following core industries has the highest weightage in the IIP?

    Solutions


    The following table represents the weight of the eight core industries in the IIP.

    Industry Weight

    * Coal 10.33

    * Electricity 19.85

    * Crude oil 8.98

    * Cement 5.37

    * Natural gas 6.88

    * Steel 17.92

    * Refinery products 28.04

    * Fertilizers 2.63

    Hence, option D is correct.

  • Question 4/5
    1 / -0.25

    Which of the following statements about the Coffee Board is/are NOT correct?
    Solutions

    The Coffee Board of India is an organisation managed by the Ministry of Commerce and Industry of the government of India to promote coffee production in India. The Coffee Board of India was established by an act of Parliament in 1942. Until 1995 the Coffee Board marketed the coffee of many growers from a pooled supply, but after that time coffee marketing became a private-sector activity due to the economic liberalisation in India. Its head office is in Bengaluru.Hence, option A is correct.

  • Question 5/5
    1 / -0.25

    Which of the following statements about World Economic Outlook report is correct?

    Solutions

    The World Economic Outlook is a report by the International Monetary Fund that analyzes key parts of the IMF's surveillance of economic developments and policies in its member countries. It also projects developments in the global financial markets and economic systems. It is released twice a year. It forecasts the Economic Growth of member countries and also forecasts economic growth at the global level. It does not provide findings on trade data of different countries. Hence, option B is correct.

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